fbpx
Connect with us

Social Stories

Almost 100,000 SMEs in Klang Valley Will Be Forced To Close Down If The Pandemic Lasts For Another 3 Months

Published

Pjimage 2020 10 19T084222.923
Source: SME Magazine & SME Magazine

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

It’s no surprise that the recent upsurge of Covid-19 cases and the subsequent Conditional Movement Control Order (CMCO) caused many Malaysians distress, especially SME (Small and medium-sized enterprises) owners.

Who can blame them for being worried? In fact, the president of the Malaysian SME Association, Datuk Michael Kang, told that an estimated 50,000 to 100,000 retailers in the Klang Valley will be forced to close down if the Covid-19 pandemic continues for another three months.

Choy Gst Print 2501 1

This would cause a loss of up to RM400 million, not including all retailers nationwide. To solve this, the president urged politicians to set aside their respective agendas for their own benefit, which in the end was seen as only inconvenient for the people.

He told Astro Awani that the government should “lockdown” all political activities for now and focus on solving the Covid-19 crisis and developing the country’s economy.

“Our country’s economy is ‘sick’. What do we say we focus on a more important agenda?”

Michael Kang Apr162020 17042020 Tem

Sme malaysia president, datuk michael kang

He added that retailers especially those who are in business in malls have gone through too much owing to the recent rise in cases.

Will or more importantly CAN our politicians set aside their differences and help out struggling Malaysians during these crucial times? Well, guess what we can do is just wait and see.

 

Also read: If You’re A SME Owner, Here’s How You Can Get RM3,000 One-Off Aid From The Government

Pjimage 2020 09 25T130551.488

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 7 6 Collage 7 6
News15 hours ago

TLDM Tragedy: Deceased Officer Wanted to Take 1 Last Helicopter Ride Before Retiring & Living with Husband

What was meant to be a training ended up in a tragedy that robbed 10 precious lives, leaving many family...

Collage 5 6 Collage 5 6
News16 hours ago

TLDM Tragedy: Daughters of Fallen Officer Share How They Received the News at School, Say Teachers Cried Too

Malaysians are grieving over the unfortunate deaths of 10 officers of the Royal Malaysian Navy (TLDM), especially their family members....

My Post 1 2024 04 24T140215.309 My Post 1 2024 04 24T140215.309
News16 hours ago

Immigration Dept Clarifies That Officers CANNOT Reject Passport Renewal Over Failure to Speak BM

Recently, there was an incident where a Malaysian man could not renew his mother’s passport at UTC Pulau Pinang. In...

My Post 3 2024 04 24T123249.249 My Post 3 2024 04 24T123249.249
News19 hours ago

Muscleman Assaults Woman at Thai Gym for Rejecting His Advances After He Trained Her for Free

It’s truly heartbreaking to know that there are still many out there who react with violence upon realising their feelings...

Collage 3 6 Collage 3 6
News21 hours ago

“Respect the time” – Kedah State Govt Tells Pasar Malam Vendors to Pause Operations During Maghrib Prayer Time

The Kedah state government is taking measures to make sure the prayer time is utilised for the purpose. In a...

Feat Image Insult Feat Image Insult
News2 days ago

M’sian Driver Has Insufficient Card Balance, Insults Toll Booth Operator When He Can’t Get Through

A viral video has left Malaysians enraged recently, showing the action of a road user insulting and threatening a toll...

Feat Image Screen Feat Image Screen
News2 days ago

Study: M’sians Spend 48.41% of Their Time Awake Looking at Screens, 8th Highest in the World!

A recent study by Electronics Hub pretty much confirmed something that we Malaysians have known for a while, which is...

My Post 1 2024 04 23T145047.839 My Post 1 2024 04 23T145047.839
News2 days ago

Penang Woman Who Splashed Hot Water on OKU Man Gets 10 Years in Jail & RM6K Fine

A few days ago, it was reported that a woman had splashed scalding hot water on a man with Down...

Announcement

Latest Videos



TRENDING TODAY